With a Congress enamored of military spending and elective wars, there's no end in sight for the tax and spend policies that ensure bigger and more lavish treats and amenities for government contractors and military agencies alike.
The Pope is touring North America this week, promoting a variety of interventionist “solutions” to global warming, poverty, and more. But a far more powerful religious figure, Janet Yellen, continues to pull the levers of the global financial system.
Tom Woods writes: "Fortune magazine took a bit of a swipe at me this week, taking aim at my defense of the free market in the face of the comments of Pope Francis. I devote this episode to a full-fledged response."
Senior Fellow Mark Thornton is interviewed on The Power & Market Report. Dr. Thornton discusses the Skyscraper curse in Auburn, Alabama, the relationship between skyscrapers and the Austrian business cycle, and why the market forgets about crises.
Social media exploded with outrage this week after American investor Martin Shkreli purchased the rights to sell the drug Daraprim and raised the p
There’s much debate over how the Fed determines interest rates. Many pundits seem to assume that central banks dictate interest rates to the market. In fact, central banks mostly affect interest rates indirectly through their power to change the money supply.
